Board of Directors

The Board of Directors plays a crucial part in PJSC LUKOIL’s corporate governance system by providing general management of the Company’s business for the benefit of its investors and shareholders.

PJSC LUKOIL Board of Directors consists of independent directors whose participation in PJSC LUKOIL management helps the Board to have an objective understanding of the issues discussed, which, in its turn, develops trust in the Company on the part of its investors and shareholders.

One of the key functions of the Board of Directors is to determine priorities of the Company's business, strategic, mid-term and annual planning as well as performance assessment.

Members of the Company’s Board of Directors elected at the annual General Shareholders Meeting on June 21, 2018:

Auditor’s qualification, quality of services and compliance with the requirements concerning auditor’s independence;

selection of the Company’s Auditor and assessment of the Auditor’s performance to be further approved by the Company’s shareholders.

Regulation on the Audit Committee

HUMAN RESOURCES AND COMPENSATION COMMITTEE

Roger Munnings, Chairman of the Committee

Viktor Blazheev

Richard Matzke

Goals and objectives of the Committee

Preparation of recommendations to the Company’s Board of Directors on the matters associated with:

the development of corporate HR policy;

the Company’s policy and standards for the selection of candidates to the Company’s management aimed at engaging the most qualified professionals for the Company’s management positions.

Regulation on the Human Resources and Compensation Committee

Corporate Secretary

In 2016, the Company's Board of Directors approved the Regulations on the Corporate Secretary of PJSC "LUKOIL". The role of the Corporate Secretary is designed to support efficient interaction between the Company's shareholders, Board of Directors and executive management. As part of such interaction, the Corporate Secretary acts as the guarantor of the compliance by the Company's management and governance bodies with procedures and principles that ensure the exercise of legitimate rights and interests of shareholders. The Corporate Secretary ensures proper operation of the Board of Directors and its Committees. Introduction of the role of Corporate Secretary in PJSC "LUKOIL" fully in line with the recommendations of the Corporate Governance Code is a consistent step to further improve the Company's corporate governance.

The Corporate Secretary is sufficiently independent of the Company's executive bodies as he/she functionally reports to the Board of Directors. The Corporate Secretary is appointed by the Company's President based on the resolution of the Board of Directors dated 31 August 2016 and acts in line with the Company's Charter and Regulations on the Corporate Secretary.

Natalia Podolskaya

Current position:

Corporate Secretary of PJSC "LUKOIL"

Year of birth: 1960

Career:

Graduated from the Maurice Thorez Moscow State Institute of Foreign Languages in 1983

Diplomatic Academy under the RF Ministry of Foreign Affairs (majoring in International Economics) – 2003